Forex analytics and overview
GBP/USD Breaks Out Of A Falling Wedge
2022.04.12 17:02
GBP/USD is currently trading at 1.3025 and in a range with multiple attempts to break the bottom. We have a falling wedge which is bullish so we are looking for an initial move to the ATR target at the 1.3112 area and then the 0.382 Fibo at 1.3169.
Watch the DXY for any change in direction. The ATR for the pair currently is 82 pips per day and its 180 day average is 83 pips per day. DXY is currently threatening down at the time of this post.
GBP/USD 4-hour chart technical analysis.
